Loan EMI Calculator
Calculate the equal monthly payment, total interest, and total repayment from principal, annual rate, and term
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🔒 Everything runs 100% in your browser. Your files and input are never uploaded to any server.
Enter the loan principal, annual interest rate, and number of months, and this tool calculates the equal monthly payment, total interest, and total repayment under the equal-installment (EMI) method. It's useful for gauging your monthly payment and interest burden before taking out a mortgage or personal loan.
How to use
- Enter the loan principal.
- Enter the annual interest rate (%) and the loan term in months.
- The monthly payment, total interest, and total repayment are calculated automatically.
- Use the 'Copy Result' button to copy the breakdown for comparison or your records.
FAQ
- What is the equal-installment (EMI) method?
- It's a method where you repay the same amount (principal plus interest) every month over the loan term. Interest makes up a larger share early on and principal grows over time, and this calculator works out the monthly payment for this method.
- Will it exactly match my bank's payment?
- It uses the standard equal-installment formula, but actual loans can differ slightly depending on early-repayment fees, grace periods, preferential rates, and rounding methods. Use it as a reference estimate.
- Is the loan information I enter sent to a server?
- No. All inputs such as principal and rate are calculated entirely within your browser and are never sent to or stored on a server.